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On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Sunday, January 13, 2019.

According to Forbes, in 2017 student loan debt in the United States totaled $1.4 trillion. For many people, the amount of debt they owe seems impossible to tackle, especially for those in entry-level positions just starting out in their careers. The following tips will help you develop a plan for paying back student loans at a much faster rate.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Monday, December 31, 2018.

Now that the holidays are over, you may be feeling the strain on your pocketbook. While this season is meant to be a time for celebration and family, for many people it can bring them perilously close to financial instability. There is hope however when you follow these tips provided by U.S. News & World Report.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Tuesday, December 18, 2018.

If you struggle with debt, you may wonder if there are alternatives to bankruptcy that may allow you to get your debt under control. One such alternative is a balance transfer. Credit Karma explains a balance transfer as the name suggests is when you transfer the balance of a credit card to another credit card. Generally, when you do this the card you transfer to has a lower interest rate, often no interest rate for an introductory period.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Tuesday, November 20, 2018.

When you file for bankruptcy in California, you may expect that the court will seize your assets. While this is true, there are exemptions you can take to save some of your assets. The idea behind exemptions is to allow you to retain some property to rebuild with after the bankruptcy process is complete. There is a range of exemptions for various types of property. However, the ones people are often most concerned with are those assets that they use daily, such as their home, vehicle and professional tools.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Sunday, November 18, 2018.

If you’re having money trouble, the holidays can be a very scary time. It’s easy to spend exorbitant amounts of money during this season, whether on gifts for your loved ones or buying food in preparation of a holiday meal. In order to keep your finances on track, Forbes offers the following advice.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Monday, October 29, 2018.

Financial problems can be some of the most daunting issues you may encounter in your life. These types of concerns become even more stressful when you have a family to care for and financial obligations to address. At Tsao-Wu & Yee, LLP, we have helped many people in California to explore their options if they have chosen to file for bankruptcy.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Friday, October 26, 2018.

For those in the San Francisco Bay area that are struggling with debt, bankruptcy protection can be an enormous benefit. It offers the chance for one to plot a course back to establishing themselves on firm financial ground by halting the collection activities that may be keeping them from doing so. In the case of a Chapter 13 bankruptcy, one is even provided with the opportunity to repay creditors over time, thus fulfilling their financial obligations. Yet the advantages offered by a personal bankruptcy must be earned to careful adherence to federal regulations. A violation of said regulations can often bring with it serious penalties.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Friday, October 19, 2018.

Bad financial habits are often hard to break for most people. In fact, many people don’t realize that they’re engaging in poor financial management until they need to file for bankruptcy or have creditors calling day and night. There are steps you can take to break bad habits now, as explained by CNBC.com.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Saturday, September 22, 2018.

Filing for bankruptcy can be a difficult decision for business owners and people who are struggling with personal debts. Some people may be hesitant to move forward with a bankruptcy application because they would rather avoid going to court, are not familiar with the process or fear that their reputation will be tarnished. Moreover, some may be unsure of how their spouse will feel about the decision to file for bankruptcy.

On behalf of Tsao-Wu & Yee LLP posted in bankruptcy on Monday, September 17, 2018.

There is little else as alarming as discovering that the financial health of your company in California is declining rapidly and you are exploring options as serious as bankruptcy. There could be many different reasons why you are in this position including poor management of cash flow, sudden changes in the economy or even the loss of key employees who were influential in how your organization managed finances. Whatever the reason is, it is important that you understand that immediate changes may buy you enough time to change your course and ultimately avoid having to file for bankruptcy.

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